Text ‘bulletproof’ to 345345 to stay in the know about our upcoming book release and the Bulletproof Summit on October 12-13th 2018 in Atlanta!

Guest: Reese Harper, CEO DentistAdvisors.com

Key Takeaways:

- Calculate total net worth, retirement accounts, cash, investment to determine
- Make 30-35 times what is spent in 1 year at any age younger than 70
- - Example: $200,000 spent in a year, net worth should be $6-7 million
- TT Score: Net worth divided by annual spending
- - Wealth should grow at 3.3% or more at a TT score of 30 to never run out of money and maintain principle
A lot of people don’t have a clear picture of how their net worth is growing, so they don’t make any changes

Track personal net worth statement and progress report quarterly
Spending 30% of your total gross rate is ideal
- This will allow a 20+% savings rate
- Average savings % is 21
Focus on net worth not savings
People often pursue accumulating assets in the wrong order
- Focus on practice equity, then liquidity, then qualified assets, then real estate

References:

Tweetables:

If you’re not getting a roadmap, how do you know where the roads are? – Dr. Peter Boulden

The Retirement Formula with Reese Harper